Blog | Cable FX Macro

💱⚠️Mexico Credit Default Swaps Rise Marginally Despite Uncertainty: Cable FX Macro

Jun 9

💱⚠️Mexico Credit Default Swaps Rise Marginally Despite Uncertainty: Cable FX Macro

The rise in MXN-denominated assets risk premium translated to sharp losses in FX and equities, the peso posted its worst week since the...

📉⚠️Mexican Peso Extends Losses to YTD Lows On Reform Risks: Cable FX Macro

Rosbel Durán

Jun 8

📉⚠️Mexican Peso Extends Losses to YTD Lows On Reform Risks: Cable FX Macro

The chart below shows a summary of USD/MXN price action following the presidential election results USD/MXN failed to reject 18.0 to the...

🇺🇸💼U.S. Unemployment Rate Unexpectedly Rises In May: Cable FX Macro

Rosbel Durán

Jun 7

🇺🇸💼U.S. Unemployment Rate Unexpectedly Rises In May: Cable FX Macro

**As seen in Online Tools>Non Farm Payrolls Dashboard, subscribe at cablefxm.co.uk/reports The May jobs report showed the U.S. economy...

⚠️Mexican Peso Carry/Vol Ratio Halved On Local Risks: Cable FX Macro

Rosbel Durán

Jun 7

⚠️Mexican Peso Carry/Vol Ratio Halved On Local Risks: Cable FX Macro

Whether the recent election results will change Mexico structurally or not is yet to be seen, however, financial markets don't usually...

🐍🦅Mexican Peso Posts Worst Week Since The Pandemic: Cable FX Macro

Rosbel Durán

Jun 7

🐍🦅Mexican Peso Posts Worst Week Since The Pandemic: Cable FX Macro

We have seen volatility rise in MXN denominated assets following the Sunday election results. Morena party supermajority has increased...

📆Friday Session Docket: Canada Jobs, Non Farm Payrolls, Eurozone Employment

Rosbel Durán

Jun 6

📆Friday Session Docket: Canada Jobs, Non Farm Payrolls, Eurozone Employment

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Tier-1 data ahead

🇺🇸💼Non Farm Payrolls Average Surprise At +45K: Cable FX Macro

Rosbel Durán

Jun 6

🇺🇸💼Non Farm Payrolls Average Surprise At +45K: Cable FX Macro

**You can read our May Non Farm Payrolls preview in the Risk In The Week report **As seen in Online Tools>Non Farm Payrolls...

🌐Supply Chains to Support Disinflationary Progress: Cable FX Macro

Rosbel Durán

Jun 6

🌐Supply Chains to Support Disinflationary Progress: Cable FX Macro

A sustained rally in commodity prices is not the only reason behind high inflation cycles, other factors play in. However, high commodity...

⚖️🔺Swap Rate Spreads Point to USD/CAD Upside: Cable FX Macro

Rosbel Durán

Jun 6

⚖️🔺Swap Rate Spreads Point to USD/CAD Upside: Cable FX Macro

Today it is about the ECB, but let us not forget the BoC lowered rates first. Different to the ECB, the Canadian central bank had...

📝Mexico Data Points to Further Moderation In 2H: UBS

Rosbel Durán

Jun 6

📝Mexico Data Points to Further Moderation In 2H: UBS

Ahead of final numbers on the electoral front, the release of formal job creation in May showed one of the worst figures in the last 10...

📝Expect BoJ to Hike Rates As Soon As Next Week: Natixis

Rosbel Durán

Jun 6

📝Expect BoJ to Hike Rates As Soon As Next Week: Natixis

Recently, the virtuous circle between wages and inflation has begun to strengthen. Following the highest wage hike in the past...

💹King Of Carry Losses Crown After Spike In Risk Premium: Cable FX Macro

Rosbel Durán

Jun 5

💹King Of Carry Losses Crown After Spike In Risk Premium: Cable FX Macro

The best performing carry trade of 2024 gained popularity as returns were not closely matched by peers. By the end of the first quarter,...

💶EUR/USD Sees Lowest O/N Volatility Into ECB: Cable FX Macro

Rosbel Durán

Jun 5

💶EUR/USD Sees Lowest O/N Volatility Into ECB: Cable FX Macro

The options market is heading into the ECB with EUR/USD one day volatility at the lowest reading over the course of last year. O/N vol...

🏦🇨🇦Cable FX Macro Weekly Note: Bank Of Canada June Rate Decision

Rosbel Durán

Jun 5

🏦🇨🇦Cable FX Macro Weekly Note: Bank Of Canada June Rate Decision

**As seen in Risk In The Week report 06/03/24, subscribe at cablefxm.co.uk/reports The Bank of Canada held rates steady back in April,...

📝Expect An Additional 75bps Of BoC Easing This Year: ING

Rosbel Durán

Jun 5

📝Expect An Additional 75bps Of BoC Easing This Year: ING

With the BoC moving in line with our forecasts, and our expectations of an additional 75bp of easing this year (around 47bp priced in),...

🇦🇺❗️Cable FX Macro Weekly Note: Australia 1Q GDP Growth

Rosbel Durán

Jun 4

🇦🇺❗️Cable FX Macro Weekly Note: Australia 1Q GDP Growth

**As seen in Risk In The Week report 06/03/24, subscribe at cablefxm.co.uk/reports The Australian economy expanded by 0.2% Q/Q in 4Q...

⚠️💱Mexican Peso Implieds Extends Rise After Election: Cable FX Macro

Rosbel Durán

Jun 4

⚠️💱Mexican Peso Implieds Extends Rise After Election: Cable FX Macro

Now that the election is out of the way, MXN denominated assets have not seen signs of relief. In fact, the USDMXN structure has risen...

⚖️🇲🇽US-MX Spread Widens On MBonos Selloff: Cable FX Macro

Rosbel Durán

Jun 4

⚖️🇲🇽US-MX Spread Widens On MBonos Selloff: Cable FX Macro

A rate divergence has widened the US-MX 10-year spread as Treasuries are bid while the Mexican equivalent is offered. This is a...

📝See MXN Vulnerable to Risk Aversion: BBVA Strategy

Rosbel Durán

Jun 4

📝See MXN Vulnerable to Risk Aversion: BBVA Strategy

The surprise in the Congress composition has already taken a negative toll on the currency’s performance. In our view, the depreciation...

📝Do Not Expect ECB to Signal Rate Cuts Beyond June: Danske Bank

Rosbel Durán

Jun 4

📝Do Not Expect ECB to Signal Rate Cuts Beyond June: Danske Bank

Recent macro data has placed the ECB in a good position that buys extra time to wait for more data on economic activity, inflation, and...